Fully Renovated 12-Unit Investment Property in Prime North Park/University Heights Location. This stabilized 12-unit asset offers the ideal unit mix of six 2BR/1BA and six 1BR/1BA units, with 6 off-street parking spaces and ample street parking via Boundary Street. The property includes 8 extensively remodeled existing units and 4 fully… Read More permitted ADUs—all featuring modern finishes, in-unit laundry, and mini-split A/C & heating. Interiors showcase updated kitchens, baths, flooring, lighting, windows, and appliances. Major system upgrades include sewer lateral replacement with new ABS plumbing, a new water main from meter to street, full re-plumbing of the rear building, and a comprehensive electrical overhaul with new panels and SDGE-compliant wiring. Exterior enhancements include new roofs, new siding and overhang, fresh paint, updated fencing, landscaping, and more. Offering a true 5% cap rate, this property is a rare opportunity to acquire a fully modernized, low-maintenance asset that will hold long-term value due to its exceptional location in one of San Diego’s most sought-after neighborhoods. Read Less
Property listed by Keller Williams Realty, Joey Belcastro 858-720-1900
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Lot Size
0.16 Acres
MLS Number
250031057SD
30 Days Snapshot Of 92116
$1.26M
+9%
(avg) sold price
26
+136%
homes sold
67
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2 buildings, Construction materials: Stucco
Cooling
WallWindowUnits
Expenses
Operating expense: $111,045
Income
Net operating income: $255,709
Lot
0.1609 acres, 7,009 square feet, Size: 7,009
Parking
6 totals parking
Property
Zoning: Rm 3-9
Roof
Composition
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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